Quantic Electronics expands loan facility, nets new DDTL

Quantic Electronics received debt financing backing an add-on acquisition. Adams Street Credit Advisors was administrative agent and left joint lead arranger, market sources said today.

The incremental financing was comprised of an add-on to an existing facility and a new first-lien delayed draw term loan. In addition to Quantic's add-on acquisition of Corry Micronics, the financing included dry powder to support future add-on acquisitions, market sources said.

Quantic Electronics is a portfolio company of private equity firm Arcline Investment Management.

Corry Micronics supplies radio frequency and microwave components and subsystems specializing in high power and broadband solutions.